BUS 202: ACCOUNTING II
DAILY ASSIGNMENTS FOR THE FOLLOWING CLASS
(SUMMER II, 2006)
Class
Mtg
13
12
11
10
9
8
7
6
Date
Assigned
Friday
07 Jul
Thursday
06 Jul
Assignment

WRF 15 – Submit E15-23 for up to 5 assignment points. Append “part e.” – Prepare an amortization
schedule using the effective interest rate method for the first year the bonds are outstanding.

Prepare for Tuesday’s (7/11) closed book QUIZ on WRF 15, 16 (partial)

WRF 16 – Read for understanding pages 640 – 654, 658 – 663, 667 -- 670.

WRF 16 – Review Self-Examination Questions, page 670 – 671.

WRF 16 – Review CDQ 1 through 9, page 671.

WRF 15 – Submit CDQ 2 – 8 for up to 10 assignment points.

WRF 15 – Re-read pages 602—603. Work E15-1, E15-2, E15-3. This sequence describes the major
concept of “financial leverage” – understand how it affects EPS!

WRF 15 – Re-read pages 612 through 622. (Give special attention to the Appendix: Effective interest
method of Amortization.)

WRF 15 – Review CDQ 9 – 15.

WRF 15 – Work E15-14, E15-17, E15-18, E15-20, E15-21, E15-23

WRF 15 – Review and attempt to respond to Class Discussion Questions CDQ 2 – 8. (These
questions draw heavily on the time-value of money concept described in this chapter.)
Wednesday

05 Jul

Friday
30 Jun
Thursday
29 Jun
Wednesday
28 Jun
Tuesday
27 Jun
WRF 15 – Work E15-5 through E15-11
WRF 15 – Read pages 612 through 622. (Give special attention to the Appendix: Effective interest
rate method of Amortization.)

WRF 15 – Read pages 601 – 612. Pay special attention to pages 604 – 608 on the “present (time) value of money concept” as it relates to bonds payable.

WRF 15 – Review Illustrative Problem, pages 623-624 and self-examination questions, page 624.

WRF 15 – Review and attempt to respond to Class Discussion Questions CDQ 2 – 8. (These
questions draw heavily on the time-value of money concept described in this chapter.)

Prepare for Friday’s EXAM # 1 – WRF 12, 13, 14.

WRF 14 – Review E14-19, E14-22, E14-24, E14-25

Work questions 1 – 29 from WRF 14 handout. Questions 30 – 45 relate to equity investments.

WRF 15 – Read pages 601 – 612. Pay special attention to pages 604 – 608 on the “present (time) value of money concept” as it relates to bonds payable.

WRF 15 – Review Illustrative Problem, pages 623-624 and self-examination questions, page 624.

WRF 15 – Review and attempt to respond to Class Discussion Questions CDQ 2 – 8. (These
questions draw heavily on the time-value of money concept described in this chapter.)

WRF 14 – Continue research on “discontinued operations,” “extraordinary items,” and either
“impairments of fixed assets” or “restructuring charges.” Please bring examples of financial statement
disclosures of these items to Wednesday’s class.

WRF 14 exercises – E14-4, E14-5, E14-10, E14-11, E14-12, E14-15, E14-19, E14-22, E14-24, E1425.

EXAM # 1 – Friday, June 30. Coverage – class material through Thursday, 6/29.

WRF 14 -- Use www.google.com or Accounting Trends & Techniques stored in BC’s Mack Library to
find accounting illustrations of companies reporting “discontinued operations,” “extraordinary items,”
and either “impairments of fixed assets” or “restructuring charges.”

Exercises for Tuesday’s & Wednesday’s in-class discussions – E14-1, E14-4, E14-5, E14-10, E14-11,
Monday
26 Jun
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BUS 202: ACCOUNTING II
DAILY ASSIGNMENTS FOR THE FOLLOWING CLASS
(SUMMER II, 2006)
E14-12, E14-14, E14-15, E14-18, E14-19, E14-22, E14-24, E14-25
5
Friday
23 Jun

Review WRF 14: Income Taxes, Unusual income items, & Stock investments
4
22 Jun


(PARTNERSHIPS) -- Work WRF exercises E13.1 through E13.5
Work WRF 13 True / False quiz.


Continue work on WRF exercises E12.13, E12.15, E12.17, E12.19, E12.20
Answer “true/false” exercise for WRF 12 distributed during Wednesday’s class. Please restate “false”
statements so that they will be “true.”

Read for understanding (study) WRF 13: Partnerships – especially pages 518 – 527 and pages 536
– 542.
o
Work Self-Examination Questions, page 542.
o
Prepare “discussion notes” for Class Discussion Questions 1 through 8, pages 542, 543.
3
2
1
21 Jun

Read for understanding (study) WRF 12: Corporations, especially pages 493 – 498.

Work these exercises from pages 503 - 506: E12.3, E12.8, E12.12, E12.13, E12.14, E12.15, E12.17,
E12.19, E12.20
o The purpose of these review exercises is to distinguish between the owners’ equity sections of
proprietorships and corporations. Please “jot down” questions to ask during Wednesday’s class.

Review course outline distributed during Monday’s class

Work (as a review) WRF problem P2-4B, page 93-94, using these revised requirements:
o Make an 8-column worksheet with these headings (use Microsoft Excel, if you can):
o Assets, Liabilities, Equity, Revenues, Expenses, Income, Cash Inflow (Outflow), CF category
o Post the beginning account balances from the October 31, 2006 trial balance.
o Journalize (make journal entries to record) the transactions for November 2006 in “debit” and
“credit” format.
o Show the effects ($ increase or $decrease) of each journal entry on the financial statement items
above – For the cash flow effect, please indicate if the cash flow affects “operating activities,”
“investing activities,” or “financing activities.”
o From the column totals in your 8-column worksheet, prepare a trial balance for November 30,
2006.

Work (as a review) WRF P 4-4B, page 175-176.
20 Jun
19 Jun
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